Question

Question 110 pts Ship Express has shareholders' equity of $218,700. The firm's total liability is $141,000, with 40% due within the one year. The firm has net fixed assets of $209,800. What is the amount of the net working capital

Answer 1

Based on the information given the amount of the net working capital is $93,500.

Net working capital

Using this formula

Net working capital =Current assets - Current liabilities

Let plug in the formula

Net  working capital=$141,000(1-.40) + $218,700 - $209,800

Net  working capital=$141,000(0.60) + $218,700 - $209,800

Net working capital=$84,600+$218,700-$209,800

Net working capital =$93,500

Inconclusion the amount of the net working capital is $93,500.

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